Proposed concession changes inadequate to revive private sector participation in toll road projects: Ind-Ra
"Proposed changes in the concession agreement of build-operate-transfer (BOT) projects such as non-issuances of work orders until 90 per cent land acquisition, de-scoping provisions akin to hybrid annuity model (HAM) projects, and transfer of projects after lenders' approval are positive moves," Ind-Ra said in a statement.
TDS to be deducted on annuity payable to Overseas Citizens of India, NRI NPS subscribers
Based on a clarification received from IRDAI, it is ...
PFRDA may become regulator for all pension products
The Finance Ministry and board of regulators have given an in-principle nod to the propos...
HDFC Life launches video life certificate facility for pensioners
A life certificate is a document that needs to be submitted by annuitants to continue receiving their annuity, without interruption. The life certificate needs to be submitted at specified time intervals after getting it verified from a bank.
Will stick to EPC in road projects for now: Nitin Gadkari
“We will do more of EPC projects at the moment,” Gadkari told ET in a brief interaction. With the ministry’s priority being monetisation of assets, engineering, procurement, construction (EPC) — which is entirely funded by the government —is the preferred mode of project award, Nitin Gadkari said.
NHAI to check on liquidity of banks before HAM projects
The NHAI will soon call a meeting with banks to ensure that there are sufficient funds before the authority bids out projects under the hybrid annuity mode.
Is the LIC annuity from employer superannuation scheme eligible for standard deduction?
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
We need to use tricks to help people make the right financial decisions: View
Just spreading awareness is perhaps not enough to get people to make the right financial choices. It’s time for some tricks.
Persistent Systems shifts focus to long-term contracts
Persistent systems is transitioning to more long term contracts under the charge of their new CEO
Interest rates are falling: Retirees need to lock into higher rates now
Use the gap between the fall in 10-year yield and fall in yields of other products to lock into higher rates.
Construction cos prefer pure EPC jobs to annuity projects
The key reason for this shift is the inability to secure financial closure for existing HAM projects.
HDFC Life Q1 net profit rises 11.8% on new business growth
On Tuesday, shares of the company closed 3.69 per cent higher on the Bombay Stock Exchange at Rs 508.6.
How did the month of June pan out for the infrastructure sector and what's in store for the future
Despite a new year and the new budget, the general tone with regard to financing of projects is largely the same.
Tax queries: Annuity received on a periodic basis is taxable as an income under the head ‘Salaries’
Dilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
What is tax liability if I surrender my insurance policy before maturity?
If you surrender the policy and opt out of the annuity scheme, the entire sum received by you from the insurance company will be treated as income.
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